[May 12, 2011]

Abiquo CEO Pete Malcolm Named Entrepreneur of the Year

Abiquo (News - Alert), the leading Enterprise Cloud Management software company, announced today that Network Products Guide, the industry's leading technology research and advisory guide, named Abiquo CEO Pete Malcolm (News - Alert) "Entrepreneur of the Year" at the 6^th Annual 2011 Hot Companies and Best Products Awards Event in Las Vegas. Additionally, Abiquo was honored as a "Hot Company" by industry colleagues for its significant achievements within the IT industry.

Since joining Abiquo as CEO in 2009, Malcolm has transformed the company into a clear leader in the enterprise cloud management space. His leadership is demonstrated through successful customer wins, analyst and media accolades, global partner endorsements, solid VC funding and the appointment of a highly experienced go-to-market team - all in little over a year.

Malcolm successfully relocated the company headquarters from Barcelona, Spain to the heart of Silicon Valley, re-organized the structure to a Delaware Corporation, and raised two rounds of funding from the investment community. After the inaugural U.S. launch in the spring of 2010, Abiquo's analyst, customer and partner endorsements rolled in, including most recently being named one of Gartner's (News - Alert) "2011 Cool Vendors in Cloud Management."

A strong technologist, Malcolm has overseen the development of Abiquo Enterprise Edition, the most complete and advanced cloud management solution available on the market today. With Abiquo's enterprise cloud management software, organizations can manage a globally deployed computing infrastructure, comprising unlimited physical and Cloud resources including private, public and hybrid Clouds through a "single pane of glass." Abiquo's solution features support for all six major hypervisors, the ability to convert virtual machines from one hypervisor to another in a single drag-and-drop operation, and comprehensive business policy, which ensures corporate goals such as utilization and energy saving, as well as security, compliance and governance are consistently met.

"We are honored that our industry peers recognized the leadership and success that Pete brought to Abiquo by naming him Entrepreneur of the Year, and to be selected as a 2011 Hot Company," said Wendy Perilli, vice president, global marketing for Abiquo. "We have seen real momentum around our company and product offerings, and these awards validate that we're addressing a real enterprise need within the cloud computing community."

The coveted annual Hot Companies and Best Products recognition program encompasses the world's best in organizational performance, products and services, executives and management teams, successful deployments, product management and engineering, support and customer satisfaction, in every area of information technology.

About Network Products Guide Awards

As industry's leading technology research and advisory publication, Network Products Guide plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com

About Abiquo

Abiquo is the leading Enterprise Cloud Management software company. Designed to meet strategic objectives, rather than as a temporary tactical fix, Abiquo is built on open standards, allowing organizations of all sizes to dramatically improve business agility, mitigate risk, and reduce costs. With Abiquo, organizations can use business policy to manage an entire, globally deployed computing infrastructure, comprising unlimited physical and Cloud resources including private, public and hybrid Clouds through a "single pane of glass". As a result, Abiquo customers are able to significantly decrease the cost and complexity of managing their virtual IT environments, while maintaining control of the physical infrastructure and increasing agility to change hypervisors as needed. For more information, visit www.abiquo.com.

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